The YOBIT exchange at this very moment...

The YOBIT exchange at this very moment YOBIT is baiting its users for gigantic sums of money!!!
And in the most brazen and stupid way!!!

All in order.

On February 18, a Litecoin (LTC) fork was released – Litecoin Cash (LCC) currency, which immediately started trading on Yobit and some other exchanges. On that day, all LTC holders received LCC for free in the ratio of 1 LTC = 10 LCC.

But the thing is that this coin (LCC) is traded on Yobit as much as 5 times more expensive than on all other exchanges, and this has been going on for about three weeks!

The price on Yobit:
https://yobit.net/en/trade/LCC/BTC

Prices on other exchanges:
https://mercatox.com/exchange/LCC/BTC
https://tradesatoshi.com/Exchange?market=LCC_BTC
https://wallet.crypto-bridge.org/market/BRIDGE.LCC_BRIDGE.BTC

It would seem that this is simply impossible according to the logic of the market – because such a difference in prices would be instantly eaten up by traders, and prices would instantly equalize to almost identical levels, which we can always see with all other cryptocurrencies and any other assets in general.

But the clue here is elementary.

This situation was possible for one reason only: LCC cannot be loaded to Yobit from another exchange or wallet, but only bought on Yobit, because their LCC wallet, you see, has been on “maintenance” for the third week already. And this is despite the fact that the coin has been traded since February 18.

I think the further logic is clear to everyone – the administration of the exchange simply buys LCC on other exchanges for cheap and sells it to its “hamsters” 5 times more expensive: at the “market” price of this exchange, artificially created by the administration itself.

For those who keep LCC on Yobit, I recommend to sell this coin urgently, if you do not want to lose most of your savings in the next few days!!!!

For everyone else, I recommend to draw conclusions and not to contact this scam exchange.

#crypta #cryptocurrency #scam #exchange #yobit #lcc